Kansas Introduce Bill to Establish Strategic Bitcoin Reserve

Kansas is considering legislation, introduced by State Senator Craig Bowser, that would establish a state-managed Bitcoin and Digital Assets Reserve Fund by amending unclaimed property laws. The bill proposes that unclaimed digital assets, like Bitcoin, held by custodians would transfer to the state after three years of owner inactivity, provided communication attempts fail. Crucially, assets can be held in their native digital form, unlike traditional unclaimed property. The legislation also permits the custodian to stake digital assets and receive airdrops, with resulting rewards flowing into the reserve fund. A key provision dictates that Bitcoin must be retained as a reserve asset and cannot be deposited into the state's general fund, distinguishing it from other digital assets which may contribute 10% to the general fund. This move places Kansas among states exploring Bitcoin's role in public finance and long-term custodial strategies.

(Source：Bitcoin Magazine)